A state law that imposes standards for offering and selling securities. Such laws aim to protect individuals from fraudulent or overly speculative investments.
OverviewOriginally prepared by Deepa Sarkar of the Cornell Law School...
commercial transactions
Blue sky law
Definition
broker
A person or entity that arranges contracts and acts as an intermediary between a buyer and seller for a commission. A broker is an independent party to a transaction and should not be confused with an agent who acts on behalf of a...
Cargo Insurance
Definition
An insurance agreement to pay for freight that has been lost or damaged in transit, whether by land, air, or sea.
Check-flashing
Definition
See kiting.
Check-kiting
Definition
See kiting.
Collusive Bidding
An agreement among two or more competitors to change the bids they otherwise would have offered absent the agreement. Under Section 1 of the Sherman Antitrust Act, collusive bidding is per se illegal.
See Antitrust Law for more information.
Comaker
A person who cosigns a check, draft or other negotiable instrument with another person or persons. Each comaker has a legal obligation to pay the entire amount due on the instrument, should one of the parties default.
Conforming Goods
In sales law, goods that meet the specifications of the sales contract.
See [http://www.law.cornell.edu/ucc/2A/article2A.htm#s2A-103|UCC § 2A-103].
Debtor and Creditor
debtor and creditor: an overview
Debtor-creditor law governs situations where one party is unable to pay a monetary debt to another. There are three types of creditors. First are those who have a lien against a particular piece of property. This...
Deed of Trust
A Deed of Trust is a type of secured real-estate transaction that some states use instead of mortgages. See State Property Statutes.
A deed of trust involves three parties: a lender, a borrower, and a trustee. The lender gives the borrower money...